Reuters UK Business

(Reuters) -Artificial-intelligence company Anthropic said on Tuesday it is now valued at $183 billion post-money, over twice as much as its earlier valuation, as investor enthusiasm towards AI startups stays strong despite some doubts over tech industry spending. The new valuation is a jump from the $61.5 billion post-money valuation in March this year, where …

Anthropic’s valuation more than doubles to $183 billion after $13 billion fundraise Read More »

By John Revill and Oliver Hirt ZURICH (Reuters) -Nestle has fired CEO Laurent Freixe after just a year in the job for concealing a romantic relationship with a subordinate, throwing the Swiss food giant into a leadership crisis that compounds a share price slump and slowing sales. Freixe is replaced by Nespresso chief Philipp Navratil, …

Nestle plunged into crisis as CEO fired for hiding romance with staffer Read More »

(Reuters) -BT Group said on Tuesday it would sell its Radianz business to Transaction Network Services, as Britain’s largest broadband and mobile services provider explores options to optimize its international business. Radianz — which BT had acquired from Reuters in 2005 for $175 million — operates financial information networks, connecting brokers, institutions, exchanges to essential …

BT Group to sell Radianz business to TNS Read More »

(Reuters) -Kraft Heinz will split into two listed companies, one focused on groceries and the other on sauces and spreads, undoing a decade-old merger as the packaged foods maker aims to revive growth after years of sluggish sales. The 2015 merger was spearheaded by Warren Buffett’s Berkshire Hathaway and Brazilian private equity firm 3G Capital. …

Kraft Heinz bets on split, but growth prospects cloudy Read More »

By Johann M Cherian (Reuters) -European shares finished near one-month low on Tuesday after a broad-based selloff, driven by a rise in bond yields as investors grew increasingly concerned over fiscal pressures in economies worldwide. The STOXX 600 index dropped 1.47% to close at 543.35 points, with rate-sensitive real estate the biggest drag with a …

STOXX 600 ends near one-month low as bond yields rise on fiscal woes Read More »

(Reuters) -British retailer the John Lewis Partnership on Tuesday named Tesco executive Tom Denyard as the managing director of its supermarket business Waitrose, effective January 2026. Denyard is currently leading Tesco Online, before which he held multiple executive roles within Tesco’s diverse businesses. The former Unilever and Marks & Spencer employee will replace James Bailey, …

John Lewis Partnership names industry veteran Tom Denyard as new Waitrose boss Read More »

By Andrea Mandala and Claudia Cristoferi MILAN (Reuters) -Italian lender Monte dei Paschi di Siena (MPS) raised its bid for Mediobanca by adding a 750-million-euro ($878 million) cash component to its all-share proposal, in a move aimed at gaining full control of the merchant bank. State-backed MPS surprised investors in January by launching a bid …

Monte dei Paschi lifts Mediobanca bid with cash sweetener  Read More »